DUBLIN, June 9, 2016 /PRNewswire/ —
Research and Markets has announced the addition of the “Advanced Distribution Management System Market by Software, by Service, and by Region – Global Forecast to 2021” report to their offering.
The publisher forecasts the Advanced Distributed Management System (ADMS) market size to grow from USD 687.2 Million in 2016 to USD 1,788.4 Million by 2021, at a Compound Annual Growth Rate (CAGR) of 21.1%.
Rapid smart grid development, rise in global energy demand, and need for improved customer service and utility efficiency are some of the key factors driving the Advanced Distribution Management System market. Other driving forces include growing need for carbon efficiency and cost savings.
In North America, a detailed analysis of the U.S. and Canada markets is provided. Europe is segmented into the U.K., Germany, France, and others. The analysis shows that the spending on ADMS is increasing globally due to the increasing Information and Communications Technology (ICT) integration across utilities, especially in developing regions. North America is projected to dominate the Advanced Distribution Management System market during the forecast period owing to technological advancements and early adoption of ADMS software and services in the region. The market in APAC is expected to grow at the highest CAGR between 2016 and 2021.
The adoption of ADMS software and services is accelerating at a steady pace in the developing regions, such as APAC and MEA. However, inadequate financial incentives prevent several utilities in these regions from adopting ADMS software and services. Moreover, interoperability and standard interface issue is a major restraining factor for the growth of the Advanced Distribution Management System market. However, worldwide increase in smart grid deployments is expected to provide significant growth opportunities.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insight
5 Market Overview
6 Industry Trends
7 Advanced Distribution Management System Market Analysis,By Type
8 Geographic Analysis
9 Competitive Landscape
10 Company Profiles
For more information visit http://www.researchandmarkets.com/research/4smxvq/advanced
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SOURCE Research and Markets